Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 5 terms
Employees’ Provident Fund — a mandatory retirement savings scheme for salaried employees.
The investment most Indians own before they open a demat account. Count it as the debt part of your allocation.
A mandatory retirement scheme where employee and employer each contribute 12% of basic salary.
Around 8% tax-free and government-backed — the best debt allocation most salaried Indians will ever get, and the one most often forgotten in an asset-allocation sum.
The Investor Education and Protection Fund, to which dividends left unclaimed for a number of consecutive years fixed in the Companies Act — and the shares behind them — are transferred.
Not a confiscation. The rightful owner can claim them back through a prescribed application verified by the company and then the authority, and it is far harder for an heir than for the person who bought the shares.
The old-regime deduction of up to ₹1.5 lakh covering EPF, ELSS, PPF, life premiums and home loan principal.
The reason offices fill with insurance agents every January. Useful for what you were paying anyway, expensive for anything bought to fill it.
Checking statements against a single list of what you believe you own.
One afternoon a year. It reliably catches Regular-plan folios and untransferred EPF.